The dollar is losing ground against the Euro Friday afternoon, but is posting modest gains against both the British pound and the Japanese Yen. The question of when the Federal Reserve will begin to hike interest rates has been a topic of great debate in recent days. Yesterday's Fed minutes were viewed...
With an increase in inventories of durable goods partly offset by a drop in inventories of non-durable goods, the Commerce Department released a report on Friday showing only a slight uptick in U.S. wholesale inventories in the month of August.
Import prices in the U.S. saw a modest decrease in the month of September, according to a report released by the Labor Department on Friday, with a drop in non-fuel prices offsetting a rebound in fuel prices.
The U.K. visible trade deficit narrowed in August as car exports reached a record high and imports decreased from July. However, the deficit remained at higher levels. Elsewhere, the sharpest decline in construction output since late 2012 also signaled weak contribution to the economy in the third quarter.
Foreign trade from the U.K. and industrial output from France are due on Friday, headlining a light day for the European economic news.
The total value of credit card spending in New Zealand jumped a seasonally adjusted 0.7 percent on month in September, Statistics New Zealand said on Friday - roughly in line with forecasts and up from the 0.1 percent gain in August.
Retail credit card spending was up NZ$256 million or 0.9 percent...
The dollar is losing ground against all of its major competitors Thursday afternoon, following the release of the minutes from the most recent policy meeting of the Federal Reserve.
Downside risks to economic growth prevented the Federal Reserve from raising interest rates in September, the minutes...
Downside risks to the euro area growth and inflation outlook, mainly those stemming from the slowdown in emerging economies and the volatility in forex markets, had "clearly increased", while it was too early to conclude that they will have a lasting impact, the minutes of the European Central Bank Governing Council rate-setting session, held on September 2-3 showed Thursday.
After reporting modest increases in first-time claims for U.S. unemployment benefits in the two previous weeks, the Labor Department released a report on Thursday showing that initial jobless claims pulled back by more than expected in the week ended October 3rd.
The Bank of England decided to maintain its key interest rate unchanged at a record low in a split vote as Ian McCafferty went against majority for the third straight meeting. In the meeting ended October 6, the Monetary Policy Committee voted 8-1 to hold interest rate at 0.50 percent, the bank said in a statement on Thursday, as seen in August and September.
The pound wiped out its early gains against most major rivals in European deals on Thursday, after the Bank of England decided to maintain its key interest rate unchanged at a record low and indicated that inflation is expected to remain below 1 percent until spring 2016.
At the meeting, the Monetary...
Germany's exports declined most in more than six years in August, suggesting that a slowdown in emerging economies, especially China hurts global demand.
Exports plunged a seasonally adjusted 5.2 percent month-on-month in August, reversing a 2.2 percent rise in July, data from Destatis revealed Thursday. This was the biggest decline since January 2009, when it slid 6.9 percent.
The outcome of monetary policy committee meeting of the Bank of England and foreign trade from Germany are due on Thursday, headlining a busy day for the European economic news.
Japan posted a current account surplus of 1.653 billion yen in August, the Ministry of Finance said on Thursday.
That exceeded forecasts for a surplus of 1.226 billion yen following the 1.808 billion yen surplus in July.
The trade balance came in at a deficit of 326.1 billion yen following the...
Core machine orders in Japan dropped 5.7 percent on month in August, the Cabinet Office said on Thursday - worth 759.4 billion yen.
The headline figure was well shy of forecasts for an increase or 3.0 percent following the 3.6 percent decline in July.
On a yearly basis, core machine orders dropped...